Cibc World Market Inc. Acquires 36,179 Shares of LyondellBasell Industries N.V. $LYB

Cibc World Market Inc. raised its stake in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 40.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 124,536 shares of the specialty chemicals company’s stock after purchasing an additional 36,179 shares during the quarter. Cibc World Market Inc.’s holdings in LyondellBasell Industries were worth $6,107,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. MTM Investment Management LLC bought a new stake in LyondellBasell Industries in the second quarter valued at $26,000. Parvin Asset Management LLC bought a new stake in shares of LyondellBasell Industries in the 2nd quarter worth about $26,000. Capital A Wealth Management LLC increased its position in shares of LyondellBasell Industries by 6,314.3% during the 2nd quarter. Capital A Wealth Management LLC now owns 449 shares of the specialty chemicals company’s stock worth $26,000 after purchasing an additional 442 shares in the last quarter. EMC Capital Management bought a new position in LyondellBasell Industries during the 2nd quarter valued at about $29,000. Finally, Quent Capital LLC acquired a new position in LyondellBasell Industries in the third quarter valued at about $29,000. 71.20% of the stock is owned by institutional investors and hedge funds.

LyondellBasell Industries Trading Down 0.4%

Shares of LYB opened at $57.54 on Friday. The stock’s fifty day simple moving average is $48.31 and its 200-day simple moving average is $49.13. The firm has a market capitalization of $18.52 billion, a PE ratio of -24.70, a price-to-earnings-growth ratio of 0.39 and a beta of 0.70. LyondellBasell Industries N.V. has a 12-month low of $41.58 and a 12-month high of $78.52. The company has a quick ratio of 1.20, a current ratio of 1.77 and a debt-to-equity ratio of 1.20.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings data on Friday, January 30th. The specialty chemicals company reported ($0.26) earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.44). LyondellBasell Industries had a positive return on equity of 4.94% and a negative net margin of 2.46%.The firm had revenue of $7.09 billion for the quarter, compared to the consensus estimate of $6.82 billion. During the same period in the prior year, the firm posted $0.75 earnings per share. The business’s revenue for the quarter was down 9.2% compared to the same quarter last year. As a group, research analysts predict that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 8th. Shareholders of record on Monday, December 1st were paid a $1.37 dividend. The ex-dividend date of this dividend was Monday, December 1st. This represents a $5.48 dividend on an annualized basis and a yield of 9.5%. LyondellBasell Industries’s dividend payout ratio (DPR) is presently -235.19%.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of LyondellBasell Industries in a report on Thursday, January 22nd. Evercore dropped their price target on LyondellBasell Industries from $65.00 to $57.00 and set an “in-line” rating for the company in a report on Tuesday, November 11th. Bank of America reduced their price objective on LyondellBasell Industries from $52.00 to $46.00 and set a “neutral” rating on the stock in a research note on Thursday, January 8th. Mizuho raised their target price on LyondellBasell Industries from $49.00 to $53.00 and gave the company a “neutral” rating in a research note on Friday, January 30th. Finally, Wells Fargo & Company lifted their price target on LyondellBasell Industries from $45.00 to $48.00 and gave the company an “equal weight” rating in a report on Monday, February 2nd. One equities research analyst has rated the stock with a Buy rating, seventeen have issued a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $51.00.

LyondellBasell Industries Company Profile

LyondellBasell Industries N.V. (NYSE: LYB) is a global chemical company headquartered in Houston, Texas, that specializes in the production of polyolefins and advanced polymers. Through its extensive portfolio, the company supplies raw materials for a wide range of end markets, including packaging, automotive, construction, electronics and consumer goods. By combining proprietary process technologies with expertise in catalysts, LyondellBasell aims to deliver value-added solutions that enhance product performance and sustainability.

The company’s integrated operations encompass the manufacture of olefins and polyolefins, advanced polymer products, chemical intermediates and refining activities.